- zaitech
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a) Application of financial engineering techniques in Japanese financial markets since their deregulation in 1984.
Not all of the capital raised in this way was channeled into new plant and equipment; a large amount was used for what came to be called zaitech, or financial engineering, which included the purchase of more real estate and securities offering higher and higher yield.
b) Speculative financial investments, using simple financial as well as financial engineering, in Japanese financial markets since their deregulation in 1984.This in turn spurred the proliferation of zaitech — sophisticated financial operations on a global scale.
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